Congratulations on funding your MPF® Program loan! MPF Custody ensures that all Mortgage Loans meet investor certification criteria. Review the resources below for an understanding of the Custody process.

Participating Financial Institutions (PFIs) are required to deliver specific documents to the MPF Program Custodian (Computershare).  Mortgage Loans must receive an Initial Certification in accordance with the appropriate MPF Guides. In addition to the Initial Certification, MPF Government and MPF Government MBS loans must also receive Final Certification within 365 calendar days of funding.

MPF Traditional Products (MPF Original, MPF 125, MPF 35, MPF Government) and MPF Government MBS:
PFIs are required to deliver specific documents to the MPF Program’s Custodian within seven (7) calendar days of the Funding Date by the MPF Bank.

MPF Xtra - Effective for all funding confirmations received on or after February 1, 2022:
If the funding confirmation is not received by February 1, 2022, the pre-funding Initial Certification process will be required in order for the loan to complete the funding process. If the funding confirmation is received by February 1, 2022, pre-funding Initial Certification is not required and the loan can be certified post funding.  

Please refer to the MPF Guides for complete details on all MPF Products. 

Initial Certification Process Flow:
MPF Traditional Products (MPF Original, MPF 125, MPF 35, MPF Government) and MPF Government MBS

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Within 7 Calendar Days from Funding

Submit Note(s) and required documents to the MPF Program Custodian to obtain Initial Certification.

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Reports

Review Initial Document Exception Report on the eMPF Website, posted daily. All exceptions must be cleared for Initial Certifications.

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Clear Exceptions

Send Initial Document Exception Report along with updated documentation for MPF Program Custodian review.

complete

Initial Certification

Mortgage Loans with no outstanding exceptions appear on the Certified Loans Report available on the eMPF Website, posted daily.

Initial Certification Process Flow
MPF Xtra - Effective for all funding confirmations received on or after February 1, 2022

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Submit Batch

Submit your loan funding request to initiate the document certification process and obtain your MPF Loan number, you will not have to request funding again.

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Note(s) & Required Documents

Submit Note(s) and required documents to MPF Program Custodian to obtain Initial Certification.

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Reports

New certification reports are used to track the Initial Certification process: Pre-Certification Completed, Pre-Certification Documentation Exception, and Pre-Certification Files Not Received

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Clear Exceptions

Send Pre-Certification Documentation Exception Report along with updated documentation for MPF Program Custodian review.

complete

Initial Certification

Mortgage Loans with no outstanding exceptions appear on the Pre-Certification Completed Report available on the eMPF Website, posted daily.

complete

Loan Funding

The funding process will be initiated by the MPF Program once notification has been received from the MPF Program Custodian that the documents have been certified.

Final Certification Process Flow (MPF Government and MPF Government MBS Products only)

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Within 365 Calendar Days from Funding

Submit Loan Guarantee-Insurance and required documents to MPF Program Custodian to obtain Final Certification.

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Reports

Review Final Document Exception Report on the eMPF Website, posted daily. All exceptions must be cleared for Final Certifications.

document

Clear Exceptions

Send Final Document Exception Report along with updated documentation for MPF Program Custodian review.

complete

Final Certification

Mortgage Loans with no outstanding exceptions appear on the Certified Loans Report available on the eMPF Website, posted daily.

Custody Quick Reference Guide

MPF Xtra
Servicing Retained and Released
MPF Government MBS
Servicing Retained and Released
Initial Certification
file-pdf file-word file-word
Final Certification - Government Only
file-pdf file-word file-word
Trailing Documentation 
(Servicing Released Only)


Temporarily Suspended

 

Custodial Guide & Fees (Chapter 8)
file-pdf file-word file-word

Resources

MPF Xtra Product: Pre-Funding Certification Process

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Exhibit J: Frequently Asked Questions and Answers of the MPF Program Custodian

FAQs
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MPF Xtra: Pre-Funding Certification Frequently Asked Questions (FAQs)

FAQs